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India's rice exports fell 29% in August to 644,249 tonnes, with shipments down 27% over the first five months of the 2019/20 season. Weak African demand for non-basmati rice and Iran pausing basmati purchases were cited as reasons.
Lower Indian export demand, the largest rice exporter, is bearish for global rough rice prices while buyers are supplied from other origins.
krishijagran.comOct 11, 2019After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
